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News about Mortgages:
Downturn Drags More Consumers Into Bankruptcy - Blueridgenow.comThe economy’s deep troubles are pushing a growing number of already struggling consumers into bankruptcy, often with far more debt than those who filed in previous downturns. Plummeting home values, dwindling incomes and the near disappearance of ...
2008 (2665) - Dakota Voiceâ–º January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
Lenders pull plug on top mortgage deals - Times OnlineOne of Britain’s biggest lenders withdrew some of its most popular mortgage deals last night after the Bank of England cut its base rate. The move dashed the hopes of first-time buyers and hard-pressed homeowners who had hoped that the Chancellor ...
Facing foreclosure, some go to church - Marketplace.publicradio.orgSCOTT JAGOW: The foreclosure notices are really starting to add up. Last month, one out of every 450 homes received one. And it's happening in every kind of neighborhood. But certain communities are suffering more than others. A recent study ...
Dealmaker sees credit thaw, more hostile bids - ReutersNEW YORK (Reuters) - Massive cash injections into banks are making funds available once again to dealmakers for select transactions, and coming months could see more aggressive takeover bids, a top investment banker said. Paul Parker, chairman and ...
How to solve the credit crisis with no bailout - San Francisco GateWednesday, October 1, 2008 The proposal that died in Congress on Monday was one that sought to resolve symptoms. It has the government buying mortgage-backed securities at a discount from the firms who own them. That way, while helping to ...
Why Does College Cost So Much, and Is It Worth It? - FOX News"Thank you for airing a program about real issues, real people, and real problems. Americans want to hear how to solve our everyday problems, not about other countries problems. We all struggle to pay bills and want to know how to afford to send our ...
WITH PHOTO NO PHOTO - Blueridgenow.comThe economy's deep troubles are pushing a growing number of already struggling consumers into bankruptcy, often with far more debt than those who filed in previous downturns. Plummeting home values, dwindling incomes and the near disappearance of ...
Interest rate changes have varied effects - Biloxi Sun HeraldL ast month, the Federal Reserve cut interests rates for the sixth time this year in its efforts to restrain the credit crisis. The move that reduced the rate to 1 percent was a shot in the arm for Wall Street, which was up 10.1 percent for the week ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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